Everspin Technologies, Inc. (NASDAQ:MRAM) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 412,879 shares of the business services provider’s stock after acquiring an additional 1,941 shares during the quarter. Geode Capital Management LLC’s holdings in Everspin Technologies were worth $2,437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MRAM. State Street Corp boosted its holdings in Everspin Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock worth $1,294,000 after buying an additional 3,298 shares during the last quarter. Eastern Bank purchased a new position in shares of Everspin Technologies in the third quarter valued at approximately $50,000. Total Clarity Wealth Management Inc. boosted its stake in shares of Everspin Technologies by 11.3% in the second quarter. Total Clarity Wealth Management Inc. now owns 86,359 shares of the business services provider’s stock worth $517,000 after acquiring an additional 8,767 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Everspin Technologies during the second quarter worth approximately $70,000. Finally, Jane Street Group LLC purchased a new stake in shares of Everspin Technologies during the third quarter worth approximately $82,000. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Analysts Set New Price Targets

MRAM has been the topic of a number of research reports. StockNews.com upgraded Everspin Technologies from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a research report on Thursday, October 31st.

Everspin Technologies Stock Performance

NASDAQ:MRAM opened at $6.50 on Wednesday. Everspin Technologies, Inc. has a one year low of $4.89 and a one year high of $9.39. The stock has a market cap of $142.82 million, a PE ratio of 108.33 and a beta of 0.90. The stock has a 50 day moving average price of $6.24 and a 200 day moving average price of $6.02.

Everspin Technologies Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.